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Note 3 - Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2021
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Cash consideration |  | $ | 15,000 |
Stock consideration |  |  | 17,916 |
Contingent consideration |  |  | 3,663 |
Working capital adjustment |  |  | (53 | )
Total consideration transferred |  | $ | 36,526 |
BioLife shares outstanding (as of March 19, 2021) |  |  | 33,401,359 |
Merger consideration percentage |  |  | 19.9 | %
Merger consideration shares |  |  | 6,646,870 |
less: Merger consideration shares withheld to satisfy outstanding GCI stockholder obligations to GCI |  |  | 10,400 |
Subtotal |  |  | 6,636,470 |
BioLife stock price (as of May 3, 2021) |  | $ | 35.07 |
Value of issued shares |  | $ | 232,741 |
plus: Settlement of BioLife prepaid deposits |  | $ | 2,152 |
plus: Net settlement of BioLife accounts receivable |  | $ | 16 |
Merger Consideration |  | $ | 234,909 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Cash |  | $ | 500 |
Accounts receivable, net |  |  | 945 |
Prepaid expenses and other current assets |  |  | 31 |
Property, plant and equipment, net |  |  | 3,400 |
Customer relationships |  |  | 7,420 |
Tradenames |  |  | 4,020 |
Non-compete agreements |  |  | 660 |
Goodwill |  |  | 24,943 |
Other assets |  |  | 1,547 |
Accounts payable |  |  | (885 | )
Deferred tax liability |  |  | (3,297 | )
Other liabilities |  |  | (2,758 | )
Fair value of net assets acquired |  | $ | 36,526 |
Cash |  | $ | 43 |
Accounts receivable, net |  |  | 7,076 |
Inventory |  |  | 15,547 |
Prepaid expenses and other current assets |  |  | 639 |
Property, plant and equipment, net |  |  | 3,512 |
Operating lease right-of-use assets, net |  |  | 1,741 |
Financing lease right-of-use assets, net |  |  | 114 |
Long-term deposits and other assets |  |  | 4 |
Developed technology |  |  | 18,140 |
Customer relationships |  |  | 7,020 |
Tradenames |  |  | 26,640 |
Non-compete agreements |  |  | 1,240 |
In-process research and development |  |  | 67,440 |
Goodwill |  |  | 137,215 |
Accounts payable |  |  | (9,837 | )
Line of credit |  |  | (4,231 | )
Lease liabilities, operating |  |  | (1,880 | )
Lease liabilities, financing |  |  | (114 | )
Long-term debt |  |  | (4,410 | )
Deferred tax liability |  |  | (23,526 | )
Other liabilities |  |  | (7,464 | )
Fair value of net assets acquired |  | $ | 234,909 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
|  | Fair Value |  |  | Useful Life (Years) |
Customer relationships |  | $ | 7,420 |  |  |  | 14 |
Tradenames |  |  | 4,020 |  |  |  | 19 |
Non-compete agreements |  |  | 660 |  |  |  | 4 |
Total identifiable intangible assets |  | $ | 12,100 |  |  |  |  |
|  | Fair Value |  |  | Useful Life (Years) |
Developed technology |  | $ | 18,140 |  |  |  | 6 |
Customer relationships |  |  | 7,020 |  |  |  | 12 |
Tradenames |  |  | 26,640 |  |  |  | 15 |
Non-compete agreements |  |  | 1,240 |  |  |  | 4 |
In-process research and development |  |  | 67,440 |  |  |  | N/A |
Total identifiable intangible assets |  | $ | 120,480 |  |  |  |  |

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